** Spanish building group Sacyr Vallehermoso (SVO.MC: Quote , Profile , Research ) has excluded making a cash bid for French public works and transport concession group Eiffage (FOUG.PA: Quote , Profile , Research ), chairman Luis del Rivero told France's BFM radio.

** The United Auto Workers (UAW) union is considering a proposal to seek a majority stake in DaimlerChrysler's (DCXGn.DE: Quote , Profile , Research ) Chrysler Group in return for cost concessions, the Wall Street Journal reported.

** James Eden is leaving his job as U.S. banks analyst at Dresdner Kleinwort to join the banks team at Societe Generale (SOGN.PA: Quote , Profile , Research ), the Financial Times said.

** Persimmon (PSN.L: Quote , Profile , Research ), Britain's largest housebuilder, and private equity firms are preparing to hijack the proposed 5.5 billion pound merger of George Wimpey (WMPY.L: Quote , Profile , Research ) and Taylor Woodrow (TWOD.L: Quote , Profile , Research ), the Times said. Continued...

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